According to the latest report, prominent legal attorney Alex Spiro has been listed as the chairman of a new digital asset treasury firm that aims to raise $200 million to invest in Dogecoin.
The initiative is being pitched to investors as a Dogecoin public vehicle with the endorsement of House of Doge in order to boost its legitimacy. House of Doge, launched in early 2025 by the Dogecoin Foundation, is the official corporate entity behind the meme coin, burdened with its development and promotion.
The Fortune report revealed that the Dogecoin treasury is still at the pitch stage and didn’t provide any details on the structure or potential launch date of the public vehicle. While his personal lawyer Spiro has been listed as chairman of the public company in an investor pitch, there has been no indication of Musk’s potential role in the initiative.
It is worth noting that Musk has been a vocal supporter of DOGE as far back as 2019, claiming the meme coin to be his favorite cryptocurrency. Showing his support for the meme token, the world’s richest man designed a DOGE-only payment system for his electric vehicle company, Tesla.
As of this writing, the price of DOGE stands at around $0.2134, reflecting an over 3% decline in the past 24 hours. The meme coin is down by nearly 10% in the last seven days.
In July 2025, Bit Origin revealed that it had raised around $500 million in loans and equity to build its DOGE treasury. This initiative made it the first publicly traded company in the United States to openly make Dogecoin the core asset on its balance sheet.
